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Malaysia Smelting Corporation (NPW) Fair Value & Analysis

Basic Materials · SG · Market cap 504M SGD

MS Malaysia Smelting Corporation NPW · SG
Price0.6000 SGD
Fair Value0.5800 SGD
Upside-3.3%
Quality60/100
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Evidence: Medium Range 0.3900 SGD – 0.7600 SGD

Fair value as of: Jul 4, 2026

From 24 valuation models · updated yesterday

Share price −12.0% over the past month.

Price vs Fair Value (12 months)

0.7018 SGD 0.3557 SGD Fair Value 0.5800 SGD Jul 2025 Jul 2026

12‑month range 0.3557 SGD – 0.7018 SGD · fair‑value band 0.3900 SGD – 0.7600 SGD · the 0.6000 SGD price screens above the 0.5800 SGD fair value. As of Jul 4, 2026.

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Analysis

Malaysia Smelting Corporation (NPW) currently trades at 0.6000 SGD, while our model-based Fair Value estimate is 0.5800 SGD — implying the stock looks roughly 3.3% overvalued today. We read business quality at 60/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Malaysia Smelting Corporation generated revenue of 1.8B SGD at a net margin of 6.4%. Revenue grew 23.6% year over year. It earns a return on equity of 17.1%. Net debt stands at 154M SGD. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 1.8B SGD
Revenue growth (YoY) +23.6%
Net margin 6.4%
Return on equity 17.1%
Free cash flow 57.8M SGD FY2025
P/E ratio 15.0
More key figures
Operating margin 15.7%
EPS (TTM) 0.0400 SGD
Dividend yield 13.3%
EPS growth (YoY) +456%
Net debt 154M SGD FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

Malaysia Smelting Corporation Berhad, an investment holding company, engages in the smelting tin concentrates and tin bearing materials in Malaysia. It operates through three segments: Tin Smelting, Tin Mining, and Others. The company produces, sells, and delivers refined tin metal and by-products under the MSC brand; explores and mines tin; and invests in other metal and mineral resource companies. It is also involved in the tin warehousing; and properties holding and rental businesses. Malaysia Smelting Corporation Berhad was founded in 1887 and is headquartered in Port Klang, Malaysia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Malaysia Smelting Corporation reported revenue of 1.8B SGD in FY2025 versus 1.1B SGD in FY2021, a compound +13.1%/yr. Reported net income was 82.0M SGD in FY2025, compounding −8.7%/yr from FY2021.

Revenue +13.1%/yr
FY21 1.1B SGD
FY22 1.5B SGD
FY23 1.4B SGD
FY24 1.7B SGD
FY25 1.8B SGD
Net income −8.7%/yr
FY21 118M SGD
FY22 98.3M SGD
FY23 85.1M SGD
FY24 79.4M SGD
FY25 82.0M SGD

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Frequently asked questions

Is Malaysia Smelting Corporation (NPW) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 0.5800 SGD versus a price of 0.6000 SGD — about −3% (overvalued). Model-based estimate, not financial advice.
What is the fair value of NPW?
Our model-based fair value for Malaysia Smelting Corporation is 0.5800 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 0.6000 SGD.
What is the quality score of NPW?
Malaysia Smelting Corporation has a Quality Score of 60/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Malaysia Smelting Corporation (NPW)?
Malaysia Smelting Corporation reported trailing-twelve-month revenue of about 1.8B SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of NPW?
The net profit margin of Malaysia Smelting Corporation is about 6.4%, meaning it keeps roughly 6.4% of revenue as net income. Based on the latest reported figures.
Does Malaysia Smelting Corporation pay a dividend?
Malaysia Smelting Corporation currently shows a dividend yield of about 13.33% relative to its recent price (as of Jul 4, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.